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The differences between equity research analysts and pricing analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an equity research analyst, becoming a pricing analyst takes usually requires 4-6 years. Additionally, an equity research analyst has an average salary of $119,540, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for an equity research analyst include financial models, macro and securities. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Equity Research Analyst | Pricing Analyst | |
| Yearly salary | $119,540 | $64,168 |
| Hourly rate | $57.47 | $30.85 |
| Growth rate | 9% | 19% |
| Number of jobs | 85,974 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Average age | 40 | 37 |
| Years of experience | 4 | 6 |
An equity research analyst is responsible for analyzing stock and securities markets, generating reports and performance projections, and advising clients on the best options for clients' financial portfolios. Equity research analysts should have excellent knowledge of the current stock market trends, especially the availability of the securities to identify investments that would sell in public. They evaluate the clients' needs out of their investment interests and risk appetite. An equity research analyst must be highly-communicative and analytical, especially on responding to clients' inquiries and concerns and informing investment managers on the stock and securities available.
Pricing analysts are responsible for examining competitors' pricing strategies and industry standards to aid businesses in determining and setting competitive pricing. These professionals study consumer habits and behavior to gauge their willingness to pay for products and examine consumer spending. They conduct impact and mathematical analyses, and large-scale research to come up with their conclusions. Other duties and responsibilities include developing revenue forecasts and statistical models, monitoring industry trends, and developing pricing tools that can quickly respond to the rapidly changing market trends and needs.
Equity research analysts and pricing analysts have different pay scales, as shown below.
| Equity Research Analyst | Pricing Analyst | |
| Average salary | $119,540 | $64,168 |
| Salary range | Between $78,000 And $182,000 | Between $46,000 And $89,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Simmons Energy | Apple |
| Best paying industry | Health Care | Finance |
There are a few differences between an equity research analyst and a pricing analyst in terms of educational background:
| Equity Research Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between equity research analysts' and pricing analysts' demographics:
| Equity Research Analyst | Pricing Analyst | |
| Average age | 40 | 37 |
| Gender ratio | Male, 76.8% Female, 23.2% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 12.0% Asian, 13.0% White, 64.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 10% |